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Cadence Design Systems, Inc. CDNS · Stock Open Cadence Design Systems, Inc. in new tab

324.82 USD
P/E
64.86
EPS
5.05
P/B
13.15
ROE
23.23
Beta
1.14
Target Price
403.67 USD
Cadence Design Systems, Inc. logo

Cadence Design Systems, Inc.

🧾 Earnings Recap – Q2 2026

Cadence’s shares rose 5.7% after the quarter, reflecting investor approval of multiple beats, particularly strong AI-driven demand, broad-based double-digit growth across product lines, and an upwardly revised revenue growth outlook.

  • Raised full-year revenue growth guidance to 19%, alongside improved profitability expectations, driven by accelerating AI adoption and design complexity.
  • All product groups delivered double-digit year-over-year growth; IP business grew over 40%, led by AI and HPC-related star IP portfolios like PCIe, UCIe, HBM, and LPDDR6.
  • Strong customer traction for new AI Super Agent offerings: ChipStack with 20+ customer engagements enabling significant productivity gains (up to 40x faster RTL validation) and ViraStack showing 2x–10x productivity improvements.
  • Expanded strategic multi-year collaborations with Intel and Samsung Foundry focused on advanced nodes and elevated AI/HPC workloads.
  • Hardware business posted another record quarter with continued strength in Palladium Z3 and Protium X3 platforms, supporting increasingly complex chip designs.
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Key Metrics
Earnings dateOct. 26, 2026
P/E64.86
EPS5.05
Book Value24.90
Price to Book13.15
Debt/Equity38.66
% Insiders0.291%
Growth
Revenue Growth0.24%
Earnings Growth1.25%
Estimates
Forward P/E34.34
Forward EPS9.54
Target Mean Price403.67

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Cadence Design Systems, Inc. Logo Cadence Design Systems, Inc. Analysis (CDNS)

United States Information Technology Official Website Stock

Is Cadence Design Systems, Inc. a good investment? Cadence Design Systems, Inc. (CDNS) is currently trading at 324.82 USD. Market analysts have a consensus price target of 403.67 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 64.86. This high multiple suggests investors have priced in significant future growth expectations.

Earnings Schedule: Cadence Design Systems, Inc. is expected to release its next earnings report on Oct. 26, 2026. The market consensus estimate for Forward EPS is 9.54.

Investor FAQ

Does Cadence Design Systems, Inc. pay a dividend?

No, it does not currently pay a dividend.

What asset class is Cadence Design Systems, Inc.?

Cadence Design Systems, Inc. is classified as a Stock. You can compare it against 5 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be Oct. 26, 2026. The company currently has a trailing EPS of 5.05.

Company Profile

Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Verisium, a generative AI solution; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification, as well as digital IC design and sign off products, including In novus platform; and custom IC design and simulation product include Virtuoso, a platform to design and verify analog. It also provides Xcelium logic simulator and other front-end verification and virtual prototyping technologies; controllers and physical interfaces; PCI Express, universal accelerator and compute express links, and multiple memory interfaces; and Ten Silica, a digital signal processor. In addition, the company's design IP portfolio includes serializer/deserializer, peripheral component interconnect, USB, and other standard protocols; and Secure-IC, a solution for embedded security IP. Additionally, it provides System Design and Analysis (SD&A) platform, a solution that enables end-to-end system-level design and verification across chips, packages, PCBs, and electronic systems; Allegro X and Orca X platforms for PCB and advanced packaging; Sigrity X for signal and power integrity; AIR for RF design; Fidelity for computational fluid dynamics; Celsius for thermal and airflow analysis; Clarity 3D solver for electromagnetic and power electronics analysis and simulation; Integrity 3D-IC solution for 3D-IC and multi-chiplet designs; the Optimality Intelligent System Explorer, Reality digital twin, and Millennium enterprise multiphasic platforms; Allegro system design platform; and molecular modeling and simulation solutions and services. The company has a strategic collaboration with NVIDIA. The company was incorporated in 1987 and is headquartered in San Jose, California.

Exchange Ticker
FRA (Germany) CDS.F
NMS (United States) CDNS
SAO (Brazil) C1DN34.SA
LSE (United Kingdom) 0HS2.L
MEX (Mexico) CDNS.MX
Trades
Dividend History paid per year (USD)
No dividend history available.
Stock Splits
Split Date Split Ratio to 1
May 24, 1988 1.090000
Oct. 31, 1995 1.500000
June 3, 1996 1.500000
Nov. 17, 1997 2.000000
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